An Ocean Bank board member has found a buyer for his waterfront mansion in the Gables Estates neighborhood of Coral Gables, which was listed for $39.5 million. The property at 540 Leucadendra Drive, owned by Guida Yolanda Rodriguez Macedo and Javier Macedo Rodriguez—a member of Miami-based Ocean Bank’s board of directors—was the most expensive home to go under contract last week in Miami-Dade County.
According to a report from Douglas Elliman’s Eklund-Gomes team, buyers signed 12 contracts for luxury properties in Miami-Dade between Nov. 3 and Nov. 9, with a total asking price volume of $120 million. These homes spent an average of 165 days on the market. The previous week saw 10 contracts signed totaling $97.2 million.
The report tracks single-family homes and condos listed at $4 million or more on the Multiple Listing Service in Miami-Dade County. There were 70 new listings last week, bringing the total number of active listings to 1,228.
Of the properties that went pending, eight were single-family homes with an average asking price of $11 million and an average time on market of 201 days. Four were condos with an average asking price of $7.9 million ($2,294 per square foot) and spent about 93 days on the market.
The Gables Estates mansion measures approximately 12,300 square feet and sits on a one-acre waterfront lot purchased by its owners for $6.2 million in 2015. Completed in 2018, it features eight bedrooms, seven bathrooms, four half-bathrooms, a gym, office space, guest quarters, and a pool. The home has been listed multiple times over several years with prices reaching as high as $45 million before returning to market this September at its current asking price.
Judy Zeder and Nathan Zeder from the Jills Zeder Group at Coldwell Banker Realty are handling the listing.
The second highest-priced property to go under contract last week was a house at 2931 Emathla Street in Miami, listed for $12 million. Sellers David and Marcela Herskowitz bought the half-acre site for $1.7 million in 2020; David Herskowitz is co-owner of Cutting Edge Developments alongside Santiago Arana from The Agency. Their newly completed six-bedroom home includes spa facilities and a pool; Mickael Lancri Real Estate holds this listing.
